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The $280 million Drift Protocol attack was likely carried out by threat actors aligned with North Korea state-affiliated hackers.<\/p>\n
The hack of the Solana-based decentralized finance (DeFi) platform Drift Protocol could have been prevented if standard operational security procedures were followed by the Drift team, and may constitute \u201ccivil negligence,\u201d according to attorney Ariel Givner.<\/p>\n
\u201cIn plain terms, civil negligence means they failed their basic duty to protect the money they were managing,\u201d Givner said<\/a> in response to the post-mortem update<\/a> provided by the Drift team and how it handled Wednesday\u2019s $280 million exploit.<\/p>\n The Drift team failed to follow \u201cbasic\u201d security procedures, including keeping signing keys on separate, \u201cair-gapp<\/a>ed\u201d systems that are never used for developer work, and conducting due diligence on blockchain developers met through industry conferences.<\/p>\n Read more<\/p>\n<\/p>\n If you liked the article, do not forget to share it with your friends. Follow us on\u00a0Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n If you want to read more News<\/a> articles, you can visit our General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n\n